Government has announced Productivity Linked Bonus for the employees of Manganese Ore Ltd.
The government on Sunday announced a productivity-linked bonus of Rs 28,000 along with wage revision for employees of state-owned Manganese Ore India Limited (MOIL) ahead of Diwali.
Union Steel Minister Ram Chandra Prasad Singh announced the bonus during a program organized at MOIL’s premises in Nagpur.
He announced a production linked bonus of Rs 28,000 for all employees of MOIL, which will be paid before the upcoming Diwali festival.
The steel ministry said in a statement that the wage revision is for 10 years from August 1, 2018 to July 31, 2027 and will benefit about 5,800 employees of the company.
This is based on an agreement between the Management of the Company and the MOIL Employees Union.
The proposal includes a fitment benefit of 20 per cent and perks at the rate of 20 per cent along with perks, the statement said.
The company had given interim relief of 12 per cent of basic and dearness allowance (DA) with effect from May 2019.
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